Finty
Central West Credit Union

Central West Credit Union Investment Property Loan (non residential)

Commercial property

For customers who want to purchase commercial premises for investment purposes

Written byDavid Boyd
Interest rate a year, from
7.95%
Establishment fee
$1,022
Monthly fee
Not published
Borrow
From $1

Monthly repayment

$100,000 over 5 years

Apply now

What it would cost

At the lowest published rate of 7.95%. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$2,025
Total repayments
$121,515
Interest
$21,515

Loan details

Rates

Interest rate (a year)
7.95%
Rate type
Variable
Security
Not published
Type of finance
Commercial property

Limits and fees

Loan amount
From $1
Loan term
Up to 25 years
Establishment fee
$1,022
Monthly fee
Not published

How it compares

Against the other business loans we compare. Typical means the middle half of them.

Comparison rate

8.01%

From 8.01%. A typical loan starts at 8.28%.

Setup fee

$1,022

A typical setup fee is $750.

Longest term

25 years

30 years is the usual longest term.

Pros and cons

Pros

  • A lower starting rate. Its comparison rate starts at 8.01%, below the typical 8.28%, and the comparison rate counts the standard fees too, so it's a fair guide to a lower overall cost.
  • One rate for everyone. Everyone approved gets 7.95%, so the rate you see is the rate you get.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Business loans of the same kind from other lenders that start at a similar interest rate.